This page reflects GDS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — GDS
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $32.00 (4.43 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$32.00
Nearest expiry
Expected Move
±$3.23
±11.7%
Days to Expiry
14
Calendar days
Total Call OI
11,683
Nearest expiry
Total Put OI
3,604
Nearest expiry
P/C OI Ratio
0.31
Put-heavy
Spot Price
$27.57
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$31.00
8/21/2026, 11:12:46 PM
2026-09-18
$31.00
9/18/2026, 11:13:31 PM
2026-10-16NextUpdated
$32.00
10/2/2026, 11:13:52 PM
2026-11-20
$34.00
10/2/2026, 11:13:52 PM
2026-12-18
$35.00
10/2/2026, 11:13:52 PM
2027-01-15
$30.00
10/2/2026, 11:13:52 PM
2027-03-19
$24.00
10/2/2026, 11:13:52 PM
Selected expiration: 2026-10-16 at max pain $32.00.
GDS pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
23
0
3176000
3176000
25
200
2364200
2364400
26
300
1961700
1962000
27
400
1573600
1574000
28
600
1203400
1204000
29
1000
859800
860800
30
1900
544200
546100
31
37900
316500
354400
32
80600
102600
183200
33
195000
40800
235800
34
348500
4500
353000
35
762500
2400
764900
36
1441700
1600
1443300
37
2163800
800
2164600
38
3060900
0
3060900
39
4012300
0
4012300
40
5021700
0
5021700
41
6217900
0
6217900
45
11034700
0
11034700
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.